Chinese ﬁrms enter Europe: some empirical evidence
The size of Chinese investment has vastly increased on all continents over the last few years. Although fairly recent and admittedly still of modest magnitude, the phenomenon is a milestone change in the world’s economic landscape which has been controlled by industrialized countries for over a century. Actually, the new economic redistribution is not only due to Chinese investors but also to other entrepreneurs from India, Brazil, South Africa and even from smaller countries. It comprises a ‘second wave’ of multinational companies from emerging economies which is taking shape after a ‘ﬁrst wave’ which lasted from the late 1970s to the mid-1980s.